Mining Weekly reported that a spike in cobalt supply will put downward pressure on prices in the second half of 2013.
As quoted in the market report:
This project, along with the opening of Highland Pacific’s Ramu nickel/cobalt operation in Papua New Guinea and a ramp-up in supply from Freeport-McMoRan Copper & Gold’s Tenke Fungurume in the Democratic Republic of Congo is expected to keep cobalt prices weak in coming months.
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